The euro currency is holding steady against the US dollar after recently staging a strong rally towards the 1.0900 resistance level. If EURUSD bulls can gain traction above the 1.0900 resistance level, then a stronger rally towards the 1.0980 level should be expected. Traders are also aware that a bullish double-bottom pattern is now in place across the daily time frame.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0980 and 1.1060 levels.
The EURUSD pair is bearish while trading below the 1.0900 level, key support is found at the 1.0820 and 1.0770 levels.
